11.	In connection with preparation of the consolidated financial statements and in accordance with U.S. GAAP, the Company evaluated subsequent events after the balance sheet date of June 30, 2011 and identified the following items.

On July 20, 2011, the Company entered into agreements with The Boeing Company (Boeing) under which American is to acquire 100 737 Next Generation aircraft scheduled to be delivered in the years 2013-2017, and under which American expects to acquire 100 737 family Next Generation "re-engined" aircraft (the NG Re-Engined Aircraft) which would be scheduled to be delivered in the years 2018-2022. American's acquisition of the NG Re-Engined Aircraft is subject to a number of conditions, including Boeing's approval of the launch of the 737 re-engined aircraft program, and entering into a definitive purchase agreement for such aircraft.

Also on July 20, 2011, the Company entered into an agreement with Airbus S.A.S. under which American committed to lease 130 Airbus A320 family aircraft scheduled to be delivered in the years 2013-2017, and to purchase 130 Airbus A320 family "new engine option" aircraft scheduled to be delivered in the years 2017-2022. As part of the agreement American has an option to acquire an additional 365 aircraft.

The firm aircraft commitments are scheduled for delivery as follows: 2013 – 40 aircraft, 2014 – 55 aircraft, 2015 – 50 aircraft, 2016 – 45 aircraft, 2017 – 50 aircraft, 2018 and beyond – 120 aircraft. The manufacturers have committed financing to American of $13 billion through lease transactions, which covers the first 100 Boeing deliveries and first 130 Airbus deliveries.

The Company's total purchase commitments are expected to be approximately $10.3 billion at the end of the third quarter 2011, reflecting the firm orders from this transaction and aircraft purchase deliveries and purchase deposits paid during the quarter. Future minimum lease payments required under capital and operating leases that have initial or remaining non-cancelable lease terms in excess of a year as of the end of the third quarter are expected to be approximately $24.3 billion. In connection with the acceleration of the fleet renewal and replacement plan, the Company anticipates conducting an impairment analysis on certain long-lived assets, including aircraft, in the third quarter of 2011.

Also in July 2011, the Company exercised rights to acquire an eighth Boeing 777-300ER aircraft, which is scheduled for delivery in 2013.

Further, in July 2011, American entered into a sale-leaseback arrangement with a leasing company to finance up to 29 Boeing 737-800 aircraft scheduled to be delivered in 2011 through 2013 and 6 additional Boeing 737-800 aircraft that would be scheduled for delivery in 2013 and 2014, if acquired by American pursuant to the exercise of certain purchase rights with Boeing. The financing of each aircraft under this arrangement will be subject to certain terms and conditions.

AMR announced its intent to move forward with the divestiture of AMR Eagle. AMR currently expects the divestiture to take the form of a spin-off of AMR Eagle stock to AMR stockholders and currently expects to file a Form 10 registration statement in the near future with the Securities and Exchange Commission (the "SEC"). It is expected that a spin-off of AMR Eagle would involve, among other things, (i) the restructuring of some or all of AMR Eagle's assets and liabilities, (ii) the assumption of certain of AMR Eagle's liabilities by American, (iii) the assignment of a portion of American's net operating loss carryforwards to AMR Eagle, (iv) the satisfaction or payment of certain intercompany payables and receivables and (v) a cash capital contribution by American to AMR Eagle.

It is anticipated that, following a spin-off, AMR Eagle would continue to feed passenger traffic to American pursuant to a capacity purchase agreement similar to the agreement already in place. Under such a capacity purchase agreement, American would continue to receive all passenger revenue from AMR Eagle flights and pay AMR Eagle a fee for each flight. The capacity purchase agreement would reflect what AMR believes are current market rates received by other regional carriers for similar flying. Amounts paid to AMR Eagle under the capacity purchase agreement would be available to pay for various operating expenses of AMR Eagle. AMR Eagle would also contract to provide ground handling services to American.

Consummation of a spin-off, and its timing, would be subject to AMR's Board of Directors approval and the resolution of a number of conditions. No prediction can be made as to whether a spin-off will be completed. AMR also continues to consider other possible forms of divestiture of AMR Eagle, including a sale of AMR Eagle.